{"id":96190,"date":"2016-09-30T10:54:27","date_gmt":"2016-09-30T14:54:27","guid":{"rendered":"http:\/\/countingpips.com\/?p=96190"},"modified":"2016-09-30T05:55:25","modified_gmt":"2016-09-30T09:55:25","slug":"fission-uranium-builds-momentum-on-high-grade-pls-assays","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/09\/fission-uranium-builds-momentum-on-high-grade-pls-assays\/","title":{"rendered":"Fission Uranium Builds Momentum on High-Grade PLS Assays"},"content":{"rendered":"
September 30, 2016<\/div>
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Source: The Energy Report<\/em> \u00a0\u00a009\/29\/2016<\/b><\/p>\n

View Original Article: https:\/\/www.streetwisereports.com\/pub\/na\/fission-uranium-builds-momentum-on-high-grade-pls-assays<\/a><\/p>\n

Two new zones on Fission Uranium’s Patterson Lake South property reported high-grade assays, catching the notice of Dundee Capital Markets.<\/p>\n

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\"Athabasca<\/div>\n<\/div>\n

Positive assays for two new zones on Fission Uranium Corp.’s (FCU:TSX; FCUUF:OTCQX; 2FU:FSE)<\/a> Patterson Lake South property will result in “building momentum” for the company, according to analyst David Talbot of Dundee Capital Markets.<\/p>\n

Assays for “two new basement-hosted zones,” R1620E and R840W, returned “high-grade uranium assays” along the PLS trend in the Athabasca Basin, Talbot wrote in a Sept. 26 research report.<\/p>\n

In a Sept. 26 press release<\/a>, the company announced the “assay results confirm new high-grade mineralization at two zones presently outside of the Triple R resource area” and highlight “the strength of 2.63km mineralized trend at PLS\u2014the largest in the Athabasca Basin region.”<\/p>

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“Both of these zones occur outside of the current 105.5 MMlbs U3O8 PLS resource boundary. This is positive for a pending resource estimate due in early Q1\/17,” Talbot wrote. “We expect resources to grow, which may positively impact economics.”<\/p>\n

The results from both zones were good, but Talbot described “very positive results” from R1620E, including “12.9% U3O8 over 7.5m within a larger interval of 5.76% over 17m.”<\/p>\n

The analyst also noted that the company is up for three awards at the Mines and Money gala in Toronto, “including CEO, small cap deal, and explorer of the year.”<\/p>\n

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Read what other experts are saying about:<\/p>\n